California Film Tax Credit Extension Signed

Gov. Jerry Brown signed a bill late last night that adds one year to the California Film & Television Tax Credit Program. Assembly Bill 1069 had been pared down from its original language that sought a five-year extension. Now, the program is ensured through 2015. It’s worth $100 million annually and was enacted in 2009 (signed by then-Gov. Arnold Schwarzenegger) to prevent runaway production to other states — and Canada — offering better incentives, though the program has been a tough sell in Sacramento as other state programs face substantial cuts to offset massive state debt.

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